OYO ipo: Quarter’s delay likely in Oyo IPO as Sebi seeks updated filing
Hospitality chain Oyo’s initial public offering (IPO) is likely to be delayed by three months as India’s capital markets regulator has asked the Ritesh Agarwal-promoted startup to update its draft IPO papers, people familiar with the matter told ET.
The IPO was expected to be launched in the first half of 2023.
The Securities and Exchange Board of India (Sebi) has asked Oravel Stays (Oyo) to update risk factors, its key performance indicators (KPIs), outstanding litigations and the basis for valuation in the company’s…